Trend Following With Michael Covel

I am always fortunate to bring on interesting minds to this show. Today is no exception. Through a connection I was introduced to Peter Linneman and given the current state of global economies it made all the sense in the world to have Peter on ASAP. Peter Linneman is the principal of Linneman Associates, the CEO and founder of American Land Fund and of KL Realty. He previously served as the Albert Sussman Professor of Real Estate, Finance, and Public Policy at the Wharton School of the University of Pennsylvania in Philadelphia, Pennsylvania, retiring in December 2010. Linneman served as the founding chairman of Wharton’s Real Estate Department, and was the Director of Wharton’s Samuel Zell and Robert Lurie Real Estate Center for 13 years. He is also the founding co-editor of the Wharton Real Estate Review. Linneman has also been named one of the 100 Most Powerful People in New York real estate according to The New York Observer and one of the 25 most influential people in commercial real estate by Realtor M

Free market capitalism is one of humanity’s greatest inventions and the greatest source of prosperity the world has ever seen. But this success has been costly. Capitalism is on the verge of destroying the planet and destabilizing society as wealth rushes to the top. The time for action is running short. Rebecca Henderson’s rigorous research in economics, psychology, and organizational behavior, as well as her many years of work with companies around the world, gives us a path forward. She debunks the worldview that the only purpose of business is to make money and maximize shareholder value. She shows that we have failed to reimagine capitalism so that it is not only an engine of prosperity but also a system that is in harmony with environmental realities, striving for social justice and the demands of truly democratic institutions. Henderson’s deep understanding of how change takes place, combined with fascinating in-depth stories of companies that have made the first steps towards reimagining capitalism, p

Ep. 866: Walking through Doors and Selling Ten Million Books with Michael Covel on Trend Following Radio.

How does a lunch break spark a burst of productivity? Can a team’s performance be improved simply by moving the location of the coffee maker? Why are meetings so often a waste of time, and how can a walking meeting actually get decisions made? As an executive with decades of management experience at top Silicon Valley companies including YouTube, Google, and Twitter, Bruce Daisley has given a lot of thought to what makes a workforce productive and what factors can improve the workplace to benefit a company’s employees, customers, and bottom line. In his debut book, he shares what he’s discovered, offering practical, often counterintuitive, insights and solutions for reinvigorating work to give us more meaning, productivity, and joy at the office. A Gallup survey of global workers revealed shocking news: only 13% of employees are engaged in their jobs. This means that burn out and unhappiness at work are a reality for the vast majority of workers. Managers—and employees themselves—can make work better. Eat Sle

The Deep State, Flow State and Animal Weapons with Michael Covel on Trend Following Radio.

Alex Osterwalder and Yves Pigneurs’ Business Model Canvas changed the way the world creates and plans new business models. It has been used by corporations and startups and consultants around the world and is taught in hundreds of universities. After years of researching how the world’s best companies develop, test, and scale new business models, the authors have produced their definitive work. The Invincible Company explains what every organization can learn from the business models of the world’s most exciting companies. The Invincible Company explains how companies such as Amazon, IKEA, Airbnb, Microsoft, and Logitech, have been able to create immensely successful businesses and disrupt entire industries. At the core of these successes are not just great products and services, but profitable, innovative business models–and the ability to improve existing business models while consistently launching new ones. The Invincible Company presents practical new tools for measuring, managing, and accelerating innov

Mike Dever is a trader and investor. He was also episode number one on this podcast! Mike has been on the front line of investment innovation and trading for more than 30 years. His firm, Brandywine Asset Management, has produced top-ranked returns for its clients that are uncorrelated to all conventional investment benchmarks. His out-of-the-box thinking, innovative investment philosophy and investment success have made him a featured subject of three books, “Bulls, Bears and Millionaires,” “Market Beaters” and “The Investor’s Guide to Hedge Funds.” Mike was driven to write his book “Jackass Investing” in 1999, after seeing the fever instilled in people at the peak of that great U.S. stock market bubble. But writing the book took a back seat until the financial crisis of 2008 demanded its completion. Today, Mike devotes his time to running Brandywine Asset Management, which follows his Return Driver based methodology to trade broadly diversified portfolios in the global currency, interest rate, stock index,

What are you really missing out on? You’re home on a Friday night, scrolling through Instagram, ready to go to bed. You see pictures on your timeline of a party you were invited to, but didn’t go to. You were confident when you said no, but now you can’t stop thinking about it, and you start feeling worse. You have FOMO, or, Fear of Missing Out. Coined in a Harvard Business School article, FOMO has become a global term to describe the decimating anxiety when thinking other people are having better, more fulfilling, experiences than you are. It’s a natural, biological response, but that doesn’t make it feel any better. Amplified by the rise of social media, #FOMO has become a cultural crisis―so what’s the cure? Patrick McGinnis, creator of the term FOMO, has been thinking about it for seventeen years―and he has a solution: decision-making. Learning to weigh the costs and benefits of your choices, prioritizing your decisions, and listening to your gut are central to silencing FOMO and its lesser-known cousin, F

A Pandemic Attitude for Winning with Michael Covel on Trend Following Radio.

How much is a human life worth? Individuals, families, companies, and governments routinely place a price on human life. The calculations that underlie these price tags are often buried in technical language, yet they influence our economy, laws, behaviors, policies, health, and safety. These price tags are often unfair, infused as they are with gender, racial, national, and cultural biases that often result in valuing the lives of the young more than the old, the rich more than the poor, whites more than blacks, Americans more than foreigners, and relatives more than strangers. This is critical since undervalued lives are left less-protected and more exposed to risk. Howard Steven Friedman explains in simple terms how economists and data scientists at corporations, regulatory agencies, and insurance companies develop and use these price tags and points a spotlight at their logical flaws and limitations. He then argues against the rampant unfairness in the system. Readers will be enlightened, shocked, and, ul

A Trend Following Flashback with Michael Covel on Trend Following Radio.

I continue to have the good fortune to have the great minds on this show. Today, Author Jack Canfield joins me to talk principles for success. In The Success Principles, the cocreator of the phenomenal bestselling Chicken Soup for the Soul series, helps you get from where you are to where you want to be, teaching you how to increase your confidence, tackle daily challenges, live with passion and purpose, and realize all your ambitions. Filled with memorable and inspiring stories of CEO’s, world-class athletes, celebrities, and everyday people, it spells out the 64 timeless principles used by successful men and women throughout history—proven principles and strategies that can be adapted for your own life, whether you want to be the best salesperson in your company, become a leading architect, score top grades in school, lose weight, buy your dream home, make millions, or just get back in the job market. Taken together and practiced every day, these principles will change your life beyond your wildest dreams.

Today on Trend Following Radio, Michael Covel interviews Steve Blank. The interview was inspired by Steve’s “The Virus Survival Strategy For Your Startup.” Steve offers: “It’s no longer business as usual for the rest of the economy. In fact, shutting down the economy for a pandemic has never happened. Millions of jobs may be lost in the next few months, as entire industries get devastated, something not seen since the Great Depression of 1929-39. I hope that I’m very wrong, but the impact of this virus social and economic effects are likely to be profound, and will change how we shop, travel and work for years.” Biography: Eight-time entrepreneur-turned-educator Steve Blank is credited with launching the Lean Startup movement. He’s changed how startups are built, how entrepreneurship is taught, how science is commercialized, and how companies and the government innovate. Recognized as a thought leader on startups and innovation, Steve was named one of the Thinkers50 top management thinkers and recognized by t

You might imagine that an effective leader is someone who makes quick, intelligent decisions, gives inspiring speeches, and issues clear orders to their team so they can execute a plan to achieve your organization’s goals. Unfortunately, David Marquet argues, that’s an outdated model of leadership that just doesn’t work anymore. As a leader in today’s networked, information-dense business climate, you don’t have full visibility into your organization or the ground reality of your operating environment. In order to harness the eyes, ears, and minds of your people, you need to foster a climate of collaborative experimentation that encourages people to speak up when they notice problems and work together to identify and test solutions. Too many leaders fall in love with the sound of their own voice, and wind up dictating plans and digging in their heels when problems begin to emerge. Even when you want to be a more collaborative leader, you can undermine your own efforts by defaulting to command-and-control lang

A Plan for an Uncertain World with Michael Covel on Trend Following Radio.

My guest today has insights. Very unique insights. I am very lucky to keep bringing great minds onto this show. An excerpt from his piece that inspired me: On April 28, 1961—a decade after General Douglas MacArthur was fired for defying Harry Truman on Korea—the controversial commander hosted President John F. Kennedy at New York’s Waldorf Astoria Hotel, where MacArthur and his wife lived in a suite on the 37th floor. The contrast between the two could not have been more obvious: MacArthur, then in his early eighties, was mottled, frail, and walked with a slight stoop, while the newly inaugurated Kennedy was young, fit, and vibrant. The two sequestered themselves in MacArthur’s suite, then posed for photographers, the young president obviously proud to appear with the aging legend. Fortunately for historians, Kennedy recorded notes on his Waldorf Astoria discussion, committing MacArthur’s advice to a personal memorandum that he later referred to in White House policy discussions. The meeting itself was the su

Are you solving the right problems? Have you or your colleagues ever worked hard on something, only to find out you were focusing on the wrong problem entirely? Most people have. In a survey, 85 percent of companies said they often struggle to solve the right problems. The consequences are severe: Leaders fight the wrong strategic battles. Teams spend their energy on low-impact work. Startups build products that nobody wants. Organizations implement “solutions” that somehow make things worse, not better. Everywhere you look, the waste is staggering. As Peter Drucker pointed out, there’s nothing more dangerous than the right answer to the wrong question. There is a way to do better. The key is reframing, a crucial, underutilized skill that you can master with the help of this book. Using real-world stories and unforgettable examples like “the slow elevator problem,” author Thomas Wedell-Wedellsborg offers a simple, three-step method – Frame, Reframe, Move Forward – that anyone can use to start solving the righ

Today on Trend Following Radio Michael Covel talks with Jeremy Gutsche the CEO of Trend Hunter. In our era of disruption and possibility, there are so many great opportunities within your grasp; however, most smart and successful people miss out. Unfortunately, your capabilities are limited by the seven traps of path dependency, which cause you to repeat past decisions. These traps can limit you from seeing the potential of what could be. If you could overcome these traps, what could you accomplish? How much more successful could you be? Jeremy Gutsche’s Create the Future teaches you how to think disruptively, providing specific steps to create real innovation and change. This book combines Jeremy’s high energy, provocative thinking with tactics that have been battle-tested through thousands of his team’s projects advising leading innovators like Disney, Starbucks, Amex, IBM, Adidas, Google, and NASA. Biography: Jeremy Gutsche is a New York Times bestselling author, innovation expert and CEO of Trend Hunter,

Today on Trend Following Radio Michael Covel talks with David Hand. In the era of big data, it is easy to imagine that we have all the information we need to make good decisions. But in fact the data we have are never complete, and may be only the tip of the iceberg. Just as much of the universe is composed of dark matter, invisible to us but nonetheless present, the universe of information is full of dark data that we overlook at our peril. In Dark Data, data expert David Hand takes us on a fascinating and enlightening journey into the world of the data we don’t see. David Hand’s Dark Data explores the many ways in which we can be blind to missing data and how that can lead us to conclusions and actions that are mistaken, dangerous, or even disastrous. Examining a wealth of real-life examples, from the Challenger shuttle explosion to complex financial frauds, Hand gives us a practical taxonomy of the types of dark data that exist and the situations in which they can arise, so that we can learn to recognize a

Don’t fly blind. See how the power of experiments works for you. Michael talks today with an expert in the field–Stefan Thomke. When it comes to improving customer experiences, trying out new business models, or developing new products, even the most experienced managers often get it wrong. They discover that intuition, experience, and big data alone don’t work. What does? Running disciplined business experiments. And what if companies roll out new products or introduce new customer experiences without running these experiments? They fly blind. That’s what Harvard Business School professor Stefan Thomke shows in this rigorously researched and eye-opening book. It guides you through best practices in business experimentation, illustrates how these practices work at leading companies, and answers some fundamental questions: What makes a good experiment? How do you test in online and brick-and-mortar businesses? In B2B and B2C? How do you build an experimentation culture? Also, best practice means running many e